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NJ Hard Money Lender – Browns Mills Fix & Flip

Address: Browns Mills, NJ
Borrower Profile: Repeat Borrower
Work Description: Gut Renovation - Single Family
Purchase Price: $84,900
Renovation Budget: $45,000
Loan Amount: $109,000
Cash Available for Purchase: $64,000
Cash Available for Renovation: $45,000
Loan Structure: 12 Months Interest Only
Loan Purpose: Fix And Flip Loan
ARV: $190,000
NJ Hard Money lender

Situation:

This retired military veteran came to Asset Based Lending for a hard money loan on his 2nd deal with us – a fix and flip in Browns Mills, New Jersey. The property is a 1600 square foot split level with 3 bedrooms, 1 bathroom, an eat-in kitchen, and a large family room that opens to a deep back yard. The scope of work for rehab is a full gut to the studs, including replacing the roof and adding an additional half bathroom.

Fix and flip hard money loans
Fix and flip hard money lender
NJ hard money lender for fix and flips